RMS is in a powerful position any which way you look at it.
If gold was to stay at current levels or climb there is more money to be made with this company.
If there was a down turn which killed the price of gold I see RMS as just as powerful.
It has cash on hand to continue mining and production but not sell.
Stock piling while gold is cheap is a known strategy.
If there was to be such a downturn that it put other companies in a touch of trouble then there are opportunities for cashed up producers with zero debt and hedging to make the most of.
While no company is untouchable and their stock price may suffer drastically it is my belief that RMS is one of the safer bets when investing. I am not saying that the RMS stock price will not suffer along the way, just that the company has a certain amount of protection to ride out market cycles and take advantage of opportunities presented to them.
Good luck to all holders........
RMS is in a powerful position any which way you look at it.If...
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Last
$1.97 |
Change
0.015(0.77%) |
Mkt cap ! $2.247B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $1.95 | $9.599M | 4.870M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 87547 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 134610 | 6 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |